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Societe Generale is advising investors to be cautious about heavily investing in tech companies that are pouring money into artificial intelligence. The bank suggests waiting until these companies demonstrate stronger cash flows and prove that their significant AI investments are truly generating sustainable returns.
The National Bank of Kuwait (NBK) has launched an exciting new campaign offering a 10% cashback to its Visa cardholders when they shop on popular e-commerce platforms like Amazon, Shein, and Temu. This initiative aims to boost online shopping and encourage the wider adoption of digital payments.
Investors are really pushing tech giants like Amazon, Microsoft, and Google to share details about how much water and energy their data centers consume. This pressure comes as worries grow about the environmental footprint of the rapidly expanding tech industry, especially with the rise of AI.
The 'Magnificent Seven' tech stocks experienced significant losses, shedding $850 billion in market value this past week. This downturn is due to a mix of economic pressures and legal challenges impacting investors and the booming AI sector.
Amazon's services in the US experienced a sudden, temporary outage that affected thousands of users. Thankfully, the platform was mostly back up and running within just a few hours.
